CarMax Q1 net jumps 21% on delayed consumer tax refunds

CarMax's earnings surged 21 percent in its fiscal first quarter on a bump in used-vehicle sales driven by a delay in federal tax refunds.

UPDATED: 6/22/17 9:02 pm ET -- corrected

JLR buy-sells get more complicated

Buy-sell deals between Jaguar and Land Rover dealers continue, but grow increasingly complex as the automaker pushes for consolidation and renovation.

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MORE DEALER NEWS ACCESS F&I BEST PRACTICES FIXED OPS
UPDATED: 6/22/17 9:02 pm ET -- corrected
FCA to dealers: Stock up on Grand Caravans

FCA told dealers this month to stock up on the Dodge Grand Caravan because production will go on a hiatus in mid-August and won't resume until December.

Dealer anniversaries

Dealers featured this week include Nick Smith, CEO of Bev Smith Toyota in Fort Pierce, Fla.; and Dealer principal Dan McQuillen of McQuillen Chevrolet-Buick-GMC in Girard, Pa.

JLR buy-sells get more complicated

Buy-sell deals between Jaguar and Land Rover dealers continue, but grow increasingly complex as the automaker pushes for consolidation and renovation.

Cox signals concern about costs

Cox Automotive needs to watch its costs to "address the worsening gap between revenues and expenses," the company told its employees in an internal memo.

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